iShares Russell 1000 Growth Index Fund (IWF) 11/20/09 PriceWatch Alert Support Down To $47.94
Posted: Friday, November 20, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
iShares Russell 1000 Growth Index Fund (PCX: IWF) closed yesterday at $48.59. So far IWF has hit a 52-week low of $30.18 and 52-week high of $49.36. IWF has been showing support around 47.94 and resistance in the 49.18 range. Technical indicators are Bullish. IWF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 48 covered call (IOB BV) for a net debit in the $46.49 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 4.32% downside protection and a 3.25% assigned return rate for a 12.89% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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